GURU PRANESH

Dear all,

As per AS 2 - interest and other borrowing cost are usually excluded from inventory cost. Since LC charges (bank charges) are not part of interest or borrowing cost can it be included in the cost of inventory ?

Considering the following, can it be included in the cost of inventories.

1. LC charges as administrative OH and since it contributes in bringing in the inventory to their present location.
2. LC is incurred (to the extent) to bring in the inventories to their present location

Please help to clarify on this.

Thank you


alpesh
15 November 2017 at 17:27

Reverse charges

dear sir which date Rcm provision is suspended and when it is applicable and also suggest to me what reasons to suspended.and also suggest to me what is covred u/s 9(3) and 9(4) what expense covered and unregistred purchase.


NASEEMUNNISA BEGUM
15 November 2017 at 17:24

Dublicate membership certificate

Recently i lost my membership certificate. I changed my address from Andhra to Tamilanadu. Address alredy updated in member's register. My query is while applying for duplicate certificate whether i need execute Affidavit (on non - judicial stamp paper of the value in force in the STATE) on Andhra stamp paper or Tamilnadu stamp paper. Am going to practice in chennai only. Kindly advice its very urgent.


Dayanand T

plz see above msg . when i take setoff above msg will reflect


Vijayalakshmi.

Hi , For Appointment of Independent Director in a unlisted Public company declaration of independence is to be filed with ROC? If so please please help for draft of the same.



Anonymous
15 November 2017 at 16:31

Return

how to file GSTR-3B of transporter guide me.



Anonymous

We have an inherited Land which was transferred to us 12 years before, it was an agricultural land, if we wish to sell are we liable for Long term capital gains, if yes how much percent tax are we liable to pay? how can we get exempted? Can somebody guide in both the circumstances (Agricultural and Non-Agricultural land)


ARITRA CHAKRABORTY
15 November 2017 at 15:33

Related party transaction

What is related party transaction?


Ashu Patel
15 November 2017 at 15:22

Offset liability in gstr 3b

I have tax liabilities as follows:
Integrated tax: 686.79
Central tax: 15.18
State/UT tax: 15.18

I have eligible ITC as follows:
Integrated tax: 0.00
Central tax: 682.78
State/UT tax:682.78

How do I Offset the entire liability with the use of eligible ITC?

Please help



Anonymous
15 November 2017 at 14:49

Round off value for purchase

DEAR SIR,

IF I PURCHASE ONE ITEM OF 8811.65+150=8961.65/- AND GST(SGST 1254.63/-, CGST 1254.63/-) NOW 0.09 PAISA JADA AA RAHA JO MEINE ROUNDOFF MEIN DALA TAB YEH ROUND OFF VALUE GST FILLING KE TIME KAHA DALTE HAI.






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